“A recent RBC survey suggested one-third of Canadians are retiring early, and three in 10 pre-retirees are changing their retirement date because of the pandemic.”
This year, Canada’s labour market has significantly shrunk as people aged 55 and older are retiring, leaving behind 1 million job vacancies in the country, reported trak.in. “A recent RBC survey suggested one-third of Canadians are retiring early, and three in 10 pre-retirees are changing their retirement date because of the pandemic.” Also, the fertility rate has dropped to a record low of 1.4 children per woman in 2020. Reports indicate that until the fertility rate increases to 2.1 babies per woman, the new generation will not be able to replace the job vacancies created by the retirees.
Canada’s Immigration Minister Sean Fraser tweeted, “With five million Canadians set to retire by the end of the decade, the economic need for immigration is more important than ever. We will continue to welcome a record number of immigrants to contribute to our communities.”
The industries that have a huge number of vacancies include industrial, electrical and construction trades, maintenance and equipment operation trades, technical jobs in natural resources, agriculture and related production, processing, manufacturing and utilities supervisors and central control operators. There are also vacancies for chefs, cooks and bakers
Immigration.ca report said that “the current immigration levels plan targets 447,055 new permanent residents next year and 451,000 in 2024”. This year the country will see 431,645 immigrants.
The top cities where one can find jobs include Brantford, Ottawa, Kelowna, Quebec, Calgary, Saskatoon, Abbotsford, Halifax, Victoria and Toronto. In Brantford, the employment percentage increased by 17.3% last year. In Ottawa, it increased by 67%.
Three programmes – Federal Skilled Worker(FSW), Federal Skilled Trades (FST), and Canada Experience Class (CEC) – are the most suitable ways to apply for jobs in Canada as an economic immigrant. All the programmes use Express Entry system.
The industries that have a huge number of vacancies include industrial, electrical and construction trades, maintenance and equipment operation trades, technical jobs in natural resources, agriculture and related production, processing, manufacturing and utilities supervisors and central control operators. There are also vacancies for chefs, cooks and bakers.
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